Articles
THE INFLUENCE OF RISK-BASED BANK RATING (RBBR) METHOD ON PROFITABILITY OF PRIVATE-OWNED BANKS IN INDONESIA
Ponto, Monica .;
Lambey, Linda .;
Tumiwa, Johan .
Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 6, No 4 (2018): JE VOL 6 NO 4 (2018)
Publisher : Universitas Sam Ratulangi
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DOI: 10.35794/emba.v6i4.21337
 Abstract: The banking sector plays an important role in supporting and increasing the economic rate in country. Bank with high level of soundness is a bank that can perform its functions well, therefore, optimal management of the banking sector can provide economic stability in a developed country and make developing countries ready to compete economically of both national and international level. This study is aimed to determine the influence of Risk-Based Bank Rating (RBBR) Method on Profitability of Private-Owned banks in Indonesia. In this study, population refers to the banks listed in Indonesia Stock Exchange, using purposive sampling technique and sample size of 6 Private-Owned Banks that have total assets more than 100 trillion in rupiahs. By using multiple regression analysis method, the result and conclusion show that Credit Risk, Market Risk, Liquidity Risk, Earnings and Capital simultaneously and significantly influence Profitability of 6 Private-Owned Banks in Indonesia. Furthermore, Market Risk and Earnings have significant and positive influences on Profitability. Credit Risk and Liquidity Risk have significant and negative influences on Profitability. Nevertheless, Capital has no significantly influence on Profitability. The banks’ management must consider the importance of the risk management because those factors above have effect banks profitability. Keywords: risk-based bank rating, profitability
ANALYZING THE FINANCIAL STATEMENT USING HORIZONTAL – VERTICAL ANALYSIS TO EVALUATING THE COMPANY FINANCIAL PERFORMANCE PERIOD 2012-2016 (CASE STUDY AT PT. UNILEVER INDONESIATBK)
Tumiwa, Johan R.;
Lakada, Maharani Nadia;
Lapian, S.L.H.V. Joice
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 5, No 3 (2017): JE VOL 5 NO 3 (2017) HAL 3985
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v5i3.18270
Abstract: The globalization of markets makes every business activity transcends the national border One of the multinational corporations that operated in Indonesia is PT. Unilever Indonesia Tbk. to survive and compete in the market the company not only focused on the strategy but also expected to be able to pay attention to the importance of financial statement for the continuity of the company in the market. This study is aim to know the financial performance of PT. Unilever Indonesia Tbk from 2012 to 2016.The researcher analyzed the data based on the secondary data which are the financial statements of PT. Unilever Indonesia Tbk from 2012-2016 by using Horizontal and Vertical analysis these two methods is used which aims to analyze the company financial performance. The secondary data is gathered through official site of Indonesia Stock Exchange that has the financial statement of PT. Unilever Indonesia Tbk. Descriptive quantitative approach is used in this research. After applied the horizontal and vertical analysis as a tools to evaluating the company financial performance, the result shows that the financial performance of PT. Unilever Indonesia Tbk has a good performance every analyzing year. Keywords: horizontal Analysis, vertical Analysis, financial performance
ANALISIS PENGARUH UKURAN PERUSAHAAN, STRUKTUR AKTIVA, DAN PROFITABILITAS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2015
Desmianti Tangiduk, Desmianti Tangiduk;
Rate, Paulina Van;
Tumiwa, Johan
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 5, No 2 (2017): JE. VOL 5 NO 2. (2017). HAL 847
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v5i2.16011
ABSTRAK: Struktur modal adalah perimbangan antara penggunaan pinjaman jangka panjang dengan penggunaan modal sendiri. Penelitian ini bertujuan untuk menganalisis pengaruh ukuran perusahaan, struktur aktiva, dan profitabilitas terhadap struktur modal pada perusahaan manufaktur sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia periode 2011-2015. Sampel penelitian berjumlah 21 perusahaan manufaktur sektor industri dasar dan kimia, yang ditentukan dengan metode purposive sampling. Metode analisis data yang yang digunakan adalah analisis regresi linier berganda dengan bantuan program komputer (software) SPSS versi 21.0 dan Microsoft Excel 2010. Hasil penelitian menunjukkan ukuran perusahaan, struktur aktiva, dan profitabilitas secara bersama-sama tidak berpengaruh signifikan terhadap struktur modal. Sedangkan hasil uji secara parsial menunjukkan bahwa Ukuran perusahaan tidak berpengaruh dan tidak signifikan terhadap struktur modal, Struktur aktiva berpengaruh negative dan signifikan terhadap struktur modal, dan Profitabilitas tidak berpengaruh dan tidak signifikan terhadap struktur modal.Kata kunci : Ukuran perusahaan, struktur aktiva, Profitabilitas, Struktur Modal
PENGARUH PERSEPSI KONSUMEN, SIKAP KONSUMEN TERHADAP NIAT PEMBELIAN DARI PRODUK LABEL SENDIRI DI INDOMARET MANADO
Pantouw, Emanuela Jesica;
Pangemanan, Sifried S.;
Tumiwa, Johan .
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 5, No 2 (2017): JE VOL 5 NO 2 (2017) HAL 2385
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v5i2.16720
Abstrak: Tujuan penelitian ini adalah untuk mengetahui pengaruh persepsi konsumen, sikap terhadap niat pembelian produk label sendiri Di Indomaret. Jenis penelitian ini adalah jenis penelitian kausal. Ini juga disebut sebagai penelitian eksplanatori. Studi ini diadakan di masyarakat Manado, pada bulan Januari sampai Maret 2017. Sampel dalam penelitian ini adalah pelanggan Indomaret Manado. Sampel dalam penelitian ini adalah 60 responden. Metode analisis data menggunakan uji validitas dan reliabilitas, uji asumsi klasik, model analisis regresi dengan uji hipotesis menggunakan uji t dan uji F. Berdasarkan hasil pengujian hipotesis khususnya model penelitian ditemukan bahwa model penelitian yang terdiri dari: persepsi konsumen, dan sikap konsumen berpengaruh positif dan signifikan terhadap niat beli. Model ini berlaku untuk produk ritel label sendiri Indomaret di Manado. Persepsi konsumen dan konsumen berpengaruh positif dan signifikan terhadap niat beli produk label sendiri di Indomaret Manado. Persepsi konsumen menjadi variabel dampak tertinggi kedua pada niat beli dalam penelitian ini. Sikap konsumen menjadi variabel dampak paling tinggi terhadap kepuasan pelanggan dalam penelitian ini. Rekomendasi adalah: perusahaan waralaba berbasis ritel seperti Indomaret harus memperhatikan temuan penelitian ini. Hal ini memusatkan perhatian pada berbagai faktor yang mempengaruhi niat beli, terutama produk label sendiri di Indomaret. Hal ini penting karena produk label sendiri adalah produk yang menjadi produk dengan merek Indomaret yang memiliki margin keuntungan lebih tinggi dibandingkan produk di luar label pribadi Indomaret. Kata Kunci : preferensi konsumen, proses hirarki analitis, kendaraan offroad kabin ganda
THE INFLUENCE OF CORPORATE IMAGE AND PERCEIVED VALUE TO CUSTOMER SATISFACTION (STUDY AT WEDDING ORGANIZER IN MANADO)
Johanis, Kelly;
Rumokoy, Farlane S.;
Tumiwa, Johan
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 5, No 2 (2017): JE. VOL. 5 NO 2 (2017) HAL. 2099
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v5i2.16502
Abstract: Purpose of this study are to determine the influence of corporate image, and perceived value to customer satisfaction for the Wedding Organizers in Manado. This research type is a causal type of research. It also called as explanatory research. This study held in the people of Manado, on August-September 2016. The sample in this research are customer in Wedding Organizer in Manado especially in students at FEB UNSRAT Manado. Samples of this research are 45 respondents. Data analysis method used validity and reliability test, classical assumption test, regression analysis model with hypotesis testing using t test and F test. Based on the results of hypothesis testing in particular the model of the research found that the research model consisting of: corporate image, and perceived value has a positive and significant influence on customer satisfaction simultaniouslly. Corporate image has significant and positive impact on customer satisfaction on wedding organizer customers in Manado partialy. Perceived value also has significant and positive impact on customer satisfaction on wedding organizer customers in Manado partialy. Perceved value become the most highest impact on customer satisfaction followed by corporate image in the second. This model applies on wedding organizer customer in Manado. Recommendations are: Wedding organizer need to pay attention and focus the company's marketing strategy effectively and efficiently. Other researchers are focusing on the research field of management science and the science of marketing management needs to pay attention to these findings by replicating the results of this research on the object of other research in other Internet-based companies.Keywords: corporate image, perceived value, customer satisfaction, wedding oranizer
COMPARATIVE OF STOCK PRICE BEFORE AND AFTER INDONESIAN PRESIDENTIAL ELECTION IN 2014 OF LQ-45 STOCK LISTED ON IDX
Lie, Dave Danie;
Pangemanan, Sifrid S.;
Tumiwa, Johan
Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 3, No 3 (2015): Jurnal EMBA, HAL 483 - 607
Publisher : Universitas Sam Ratulangi
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DOI: 10.35794/emba.3.3.2015.9480
Recently, investors have knowledge on investment for their future benefits. Then, as time goes by, they found out that information about some events may have a significant influence on the performance of the stock price and it makes them worry if this kind of event could affect the price of their shares, especially the price of LQ-45 stocks. One of the events that may affect the stock price is presidential election because it is macroeconomics factor that affect all aspects in the country including investment. This research conducted to identify the significant change of the stock price and to know if this event has an effect on price of LQ-45 Stock. This research uses Time Series Analysis, Paired Sample t-Test and purposive sampling method where the sample of this research is all LQ-45 stocks in IDX. The correlation result finds that there is a relation between stock price and presidential election. There is also a significant change on stock price after the presidential election. Therefore, it concluded that event such as presidential election is one of the factors that affect the performance of the stock price and investors recommended to be more cautious of information while doing stock transaction, and makes better investment. Â Keywords: stock price, presidential election, event study
EVALUATING THE SERVICE QUALITY OF BNI MANADO AUTOMATED TELLER MACHINE (ATM) USING IMPORTANCE AND PERFORMANCE ANALYSIS (IPA)
Baroleh, Zefanya Fernando;
Tumiwa, Johan
Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 4, No 2: JE Vol.4 No.2 (2016) Hal. 266-394
Publisher : Universitas Sam Ratulangi
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DOI: 10.35794/emba.4.2.2016.13047
One of the innovation from bank industry is Automated Teller Machine (ATM). With the increasing number of customer using the facilities of ATM, the service quality of ATM should be improve. This research is conducted in order to analyze the importance of service quality and how is the performance of the service quality of BNI Manado ATM using Importance and Performance Analysis. There are 50 users of BNI ATM Manado taken as the sample of this research by using purposive sampling./Result of this research reveals that the behavior of the ATM staffs is the only attributes that is very important and the performance level is also high while others attributes have high importance but low performance, low importance but high performance and low importance along with low performance. From that result, the researcher suggests that the management of BNI Manado should allocating and focusing the resources of unimportant attributes to the more important attributes. Keywords: service quality, importance and performance analysis, bank
EVALUATING THE INTERNAL CSR USING IMPORTANCE AND PERFORMANCE ANALYSIS (IPA) AT PT. PELABUHAN INDONESIA IV (PERSERO) TERMINAL PETIKEMAS BITUNG
Arline, Nadya .;
Tumbuan, W.J.F Alfa;
Tumiwa, Johan R.
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 6, No 2 (2018): JE VOL 6 NO 2 (2018)
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v6i2.19326
Abstract: Internal Corporate Social Responsibility has been heavily discussed in the academic research since the last decade. Despite the development of Internal Corporate Social Responsibility, focus of Internal Corporate Social Responsibility activities on employees has remained largely neglected. The aims of this study is to evaluate and measuring the Internal Corporate Social Responsibility such as Health and Safety, Human Rights, Training and Education, Work Life Balance, and Workplace Diversity using importance and performance analysis. The sample size of this research is 70 employee who work in PT. Pelabuhan Indonesia IV (PERSERO) Terminal Petikemas Bitung. The results showed that Health and Safety, Human Rights, and Work Life Balance are placed in Quadrant II (keep up the good work), while Training and Education and Workplace Diversity are placed in Quadrant III (low importance and low performance). So, related with the findings there will be several recommendation to the management of PT. Pelabuhan Indonesia IV (PERSERO) Terminal Petikemas Bitung.Keywords: internal CSR, importance and performance analysis.
THE USE OF E-MONEY IN STATE OWNED BANKS IN MANADO
Lestari, Novi Dwi;
Lambey, Linda .;
Tumiwa, Johan .
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 6, No 4 (2018): JE VOL 6 NO 4 (2018)
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v6i4.21014
Abstract: The advanced payment system has shifted the role of cash as a means of payment to the form of non-cash payment to be more efficient and economical. In Indonesia there are 10 banking sectors that have obtained permission from Bank Indonesia and in Manado E-money product that comes from State-owned banks are the most popular in the society, which are: BRIZZI from BRI, Tapcash from BNI, E-cash and E-money from Mandiri bank. The purpose of this research is to analyze the actual usage and the preferences of electronic money users by State-owned banks in Manado. This study uses descriptive qualitative research to describe the customer’s perception and their preferences by using E-money in State-owned banks in Manado from 22 informants by used semi in- depth interviews. The result of the research shows that E-money users from State-owned banks in Manado have received and used electronic money as a means of payment. However, the volume of transactions in using E-money is insufficient due to the lack of supported payment facilities. The e-money users have the same preference in using e-money because it is easy to use and many promotions are given. The E-money issuer prefer to develop the infrastructure to support E-money payment. Keywords: e-money and state-owned bank Â
ANALYSIS OF MACROECONOMIC VARIABLES IMPACT ON STOCK MARKET PRICE IN INDONESIA STOCK EXCHANGE (IDX) FROM SECTOR2 PERIOD 2006-2016
Melmambessy, Thiopillo .;
Kindangen, Paulus .;
Tumiwa, Johan .
Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi Vol 5, No 2 (2017): JE VOL 5 NO 2 (2017) HAL 2597
Publisher : FEB Universitas Sam Ratulangi Manado
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DOI: 10.35794/emba.v5i2.16904
 ABSTRACT: One of the investment instruments available in this era is stock investment. Stock price movements can be closely linked to a country's macroeconomic conditions. There are many of research that has been conducted in terms of stock investment. However, investors are wiling to spend their funds in this type of investment, in order to attain greater return. This research aim to analyze the relationship between macroeconomic variables and stock market price from sector 2 in Indonesia Stock Exchange. This research is conducted to examine the simultan and partial influence between stock market price in and macroeconomic variables such as world oil price, interest rate, gross domestic product, sectoral stock price and money supply. Secondary data is the sources for this research, it will be based on quarterly data from January 2006 to December 2016. Time series regression is be the method that used to analyze the data.. The results reveal that the independent variables simultaneously influence stock market price, and by partially, the results confirm that money supply and sectoral stock price are significantly influence the stock market price.Keywords: Stock market price, world oil price, interest rate, gross domestic product, sectoral stock price, and money supply.